Originally Posted by
ercchry
There is already a mechanism in place. These products are working as designed… you need to reset am? It’s a refinance, it’s not insured… prolonging the sticker shock kept these people in their homes and housing prices strong, none of these rules matter once they have enough equity for conventional. Don’t have enough? Sell, welcome back to renting… underwater? Foreclosure…. CMHC will garnish your pay till you’re even. Market stays strong for everyone else, no pending crash, still shortage of housing starts, still net migration